22 Monroe ST, Ellicottville, NY 14731
22 Monroe ST, Ellicottville, NY 14731
22 Monroe ST, Ellicottville, NY 14731
22 Monroe ST, Ellicottville, NY 14731
22 Monroe ST, Ellicottville, NY 14731
22 Monroe ST, Ellicottville, NY 14731
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$ 475,000
Est. payment | /mo

1,920 SqFt


$ 475,000
Est. payment | /mo

1,920 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $247

MLS Listing ID B1702330

Construction Status Existing

HOA Y/N No

Year Built 1860

Annual Tax Amount $4,359

Lot Size 1,681 Sqft

Acres 0.0386

Lot Dimensions 21X80

Property Sub-Type Business

Property Description

Prime Mixed-Use Investment with Value-Add Potential in the Heart of Ellicottville! This mixed-use building features a fully leased street-level commercial space and a 2-bedroom, 1-bath apartment above. The commercial tenant is leased through August 2027 at $2,100/month, and the apartment is leased through October 2026 at $1,500/month. The commercial space has been renovated with an open floor plan and updated electrical.

Located next to one of the village's popular restaurants and nightlife destinations, the property benefits from strong year-round pedestrian traffic in this four-season resort community known for skiing, golf, mountain biking, hiking, festivals, weddings, conferences, and tourism.

The apartment offers future value-add potential. Short-term rentals are permitted in the Village (buyer to verify current regulations and permitting requirements), providing flexibility after the current lease expires.

Also available: 24 Monroe Street, the adjoining commercial building. These properties were previously connected, and the doorway between the commercial spaces has since been enclosed. A buyer purchasing both properties may have the potential to reconnect the spaces creating expanded possibilities for retail, restaurant, hospitality, or other commercial uses.

Additional features include public water and sewer, natural gas forced-air heat, 200-amp electric service, a dry basement, and annual taxes of approximately $5,550.

Location

State NY

County Cattaraugus

Area Ellicottville-Village-043601

Zoning 01 - COMME

Direction From North: 219 South, right onto Route 242, left at the blinking light onto Monroe Street, building on the left. From South: 219 North, right on Route 242, right on Monroe Street at the blinking light, building on Left

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Linoleum, Vinyl

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Flat

Building

Lot Description Rectangular, Rectangular Lot

Building Description Brick, Other,See Remarks

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Construction Status Existing

Schools

Elementary Schools Ellicottville Elementary

High Schools Ellicottville Middle High

School District Ellicottville

Others

Tax ID 043601-055-035-0006-003-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Keller Williams Realty Lancaster 716-474-7024

Nearby Locations

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